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Academic Research Journal of
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Academic Research Journal of Agricultural Science and Research Vol. 3(6), pp. 142-150. June, 2015. ISSN: 2360-7874 DOI: 10.14662/ARJASR2015.035
Full Length Research Impact of Savings and Credit Cooperative Societies on Poverty Status of Crop Farmers in Niger State, Nigeria
*Gomina, Abel., Abdulsalam, Zakari., Maiyaki, Damisa and Saddiq, Nuhu Muhammad
Department of Agricultural Economics, Ahmadu Bello University, Zaria, Nigeria. Corresponding Author’s Email- johyinmak@yahoo.com
Accepted 8 May 2015
The study
assessed the impact of savings and credit cooperative societies on
poverty status of crop farmers in Niger State. Combinations of purposive
and random sampling techniques were used to select 85 and 72
beneficiaries and non-beneficiaries of saving and credit cooperative
societies (SACCOs). Data were obtained through a well structured
questionnaire. Descriptive statistics, Foster-Greer-Thorbecke (FGT)
poverty measures and Double Different Estimator were employed for data
analysis. Results showed that 61% of the beneficiaries and
non-beneficiaries were between the ages of 37-48 years. The mean ages
for farmer’s beneficiaries and non-beneficiaries of SACCO’s credit were
41 and 38 years respectively. Majority (76%) of the beneficiaries and
84% of the non-beneficiaries had some form of educational level of
qualification. The mean household size for farmer’s beneficiaries and
non-beneficiaries of SACCO’s credit were 11 and 10 respectively. It was
found that about 33% and 67% of the beneficiaries and about 8% and 18%
of the non-beneficiaries fall under the non-poor category before and
after obtaining credit respectively. The findings further showed that
the double difference estimates of the crop output of farmer’s
beneficiaries and non-beneficiaries of SACCO’s Credit had a positive
value which indicates that credit had positive impact on the crop output
of beneficiaries. It is recommended that farmer’s savings and credit
cooperative societies should source more loans and make it available to
members, so that farmers could expand for large scale crop farming and
also mechanized farming; this would further improve their living
standard and help combat poverty.
How to cite this article: Gomina A, Abdulsalam Z, Maiyaki D, Saddiq NM (2015). Impact of Savings and Credit Cooperative Societies on Poverty Status of Crop Farmers in Niger State, Nigeria. Acad. Res. J. Agri. Sci. Res. 3(6):142-150.
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